Macro Musings with David Beckworth cover image

Larry White on Stablecoins, Money Market Funds, and the History of Free Banking

Macro Musings with David Beckworth

CHAPTER

The Dangers and Concerns of Stable Coins

The chapter explores the potential dangers and concerns surrounding stable coins, discussing their safety, stability, and susceptibility to runs. It also touches on the need for credibility, transparency, and adequate capital in the stable coin ecosystem. Additionally, the implications of stable coins on the US financial system, global dollar dominance, and the role they play in providing access to dollar-denominated balances are examined.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner